Assignment task:
Could you help me polish my elevator pitch? It is suppose to be a business development elevator pitch. I am struggling to make sure it flows and is less than 2 minutes but able to convey the message. I have attached what I wrote with references. See below
Overview:
UnitedHealth Group is a healthcare facility focused on improving healthcare delivery and healthier lifestyle (USMD, 2023). The problem faced by the organization is stiff competition both from external rivals and within its parent organization which contributes to redundancies while delivering healthcare. External competition from large healthcare organization that offer similar healthcare services enjoy competitive advantage resulting from the economies of scale.
Proposed Solution
To improve the organizations' operations and stay competitive, a proposed solution is to conduct a pilot program of UnitedHealth Group holdings similar to that of Walmart to different location to increase customer base. The expansion contributes to increased accessibility to patients for acute visits and walk-in clinics that will offer healthcare services in small community clinics and strip malls. Increasing the customer base will contribute to the economies of scale required help solve the issue of stiff competition from large healthcare organizations.
Financial Outlook
UnitedHealth Group's total assets as at September 30, 2023 quarter was $282.063B which is a 16.04% increase. The total assets for 2022 were $245.705B which was also an increase from the previous year (microtrends.net, 2023). Nonetheless, the organization's total assets have been significantly increasing over the recent period. The accounts receivables on the other hand have been declining over the same period standing at $-9.206B which is a 25.08% decline year-over-year (microtrends.net, 2023).
The company's long-term investments have been increasing in the recent period with 9.43% increase in 2023 from $43.728B in 2022 to $45.474B. The company's total liabilities have also been increasing significantly. In 2023, the company recorded total liabilities at $192.499B, a 16.67% increase year-over-year from 2022's $164.255B. The long-term debt for 2023 was $58.079B which is increase of 27.82% from $54.513B in 2022.
Metrics
The solution to the threat posed by stiff competition is the expansion into the rural areas using walk-in clinics and at the strip malls. The effective way to evaluate the impact of the solution is using sales of the company. Further, determining the customer base by utilizing the customer database can help determine the effectiveness of the solution. The company's income is supposed to increase after implementing the solution.
Benefits to Investors
The benefits of investing in the expansion of the organization is the desired outcome which is to gain a competitive advantage. Besides, the expansion will lead to an upsurge in the customer base which is essential in increasing sales. The current financial outlook is promising despite the decline in the accounts receivables. Therefore, investing in the company is likely to generate positive results desirable for any investor.
Closing/conclusion -
I am stuck with how to close the pitch.
References:
Microtrends.net. (2023). UnitedHealth Group Total Current Assets 2010-2023 | UNH.
USMD. (2023). Welcome to USMD | North Texas Primary Care, Urology, Women's Health and Specialty Care Experts.